Bachelder said she hopes now that the election is over and there is more certainty and optimism, consumers will be returning to restaurants. She said that Popeyes continues to focus on their heritage and in delivering "routine excellence" for their guests.

Popeyes has been investing in additional training for their staff to help ensure that excellence and also in growing their footprint both in the U.S. and internationally, where the chain hopes to soon have 1,000 locations.

Popeyes is not caught up in the race to the bottom when it comes to pricing, Bachelder added, as they instead offer great value and the occasional special to introduce guests to new items and flavors.

Knight said that Apple aims to mitigate risk while building their portfolio. They operate mainly under the Hampton Inn and Courtyard brands and are currently 25% leveraged, a number that is low when compared to other REITs.

Apple Hospitality also mitigates risk through its broad diversification and the fact that its management team's incentives are aligned with shareholders, so when shareholders win, management wins.

Cramer said investors looking for income can't do better than Apple Hospitality.